Analysts bearish on Arbitrum and Litecoin, VC Spectra rallying in presale

Arbitrum (ARB) recently launched Stylus to cater to blockchain developers, while Litecoin (LTC)whales sold more coins. The VC Spectra (SPCT) presale has also been ongoing, drawing interest. 

Summary

• ARB may fall to $0.75 by November.
• Litecoin may crash to $58.
• VC Spectra prepares for stage 4 of the public presale

Arbitrum Stylus to spark development

Offchain Labs launched Arbitrum Stylus on Sep. 29, 2023. 

The tool enables developers to create smart contracts on the network using Rust, C, and C++ programming languages. 

This development simplifies creating smart contracts, making the Arbitrum ecosystem more accessible to a broader range of developers. 

However, ARB prices fell by 18.16% from $0.9832 on Oct. 2 to $0.8046 on Oct. 14 due to the ongoing market volatility.

Some experts are bearish on ARB, expecting prices to tank to $0.7500 by Nov. 5, 2023. This outlook is advised by falling market interest and more ARB short positions.

Litecoin whales dumping, more pressure for LTC?

Santiment recently reported on Litecoin news, revealing that most of the biggest Litecoin holders own between 10,000 to 10 million LTC. 

The report also showed that these same holders sold around 620,000 tokens in September and October, which saw prices fall by 6.93%. 

From Oct. 8 to Oct. 14, LTC dropped from $65.91 to $61.34. Experts predict more losses due to market volatility, with RSI and EMA indicators remaining bearish. 

At this pace, LTC may fall to as low as $58.56 in November.

VC Spectra presale enters stage 4

VC Spectra is a decentralized finance (defi) project whose approach to blockchain asset management is gaining traction in crypto. Its success is pinned to its focus on decentralization, inclusivity, and innovation. 

VC Spectra maintains a democratic and transparent investment environment that eliminates intermediaries, allowing anyone to participate in promising projects, regardless of location or financial status. 

SPCT, the platform’s native token, is built on the Bitcoin blockchain and adheres to the BRC-20 standard. The token is also deflationary, and its total support will reduce over time. This could support prices in the long term. 

The VC Spectra presale is in stage 4. Early investors who bought SPCT in stage 1 are already up 450%. Token prices rose from $0.008 to $0.044 in stage 3.

Those who choose to invest in stage 4 may also benefit since experts project SPCT to trade at $0.08 by the end of the presale.

Meanwhile, there is an ongoing 100% deposit bonus campaign for investors.

Find out more about VC Spectra (SPCT) and its presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund